IYZ Crosses Below Key Moving Average Level

In trading on Wednesday, shares of the iShares U.S. Telecommunications ETF (IYZ) crossed below their 200 day moving average of $30.13, changing hands as low as $29.89 per share. iShares U.S. Telecommunications shares are currently trading off about 1.1% on the day. The chart below shows the one year performance of IYZ shares, versus its 200 day moving average:

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iShares U.S. Telecommunications 200 Day Moving Average Chart

Looking at the chart above, IYZ's low point in its 52 week range is $27.52 per share, with $32.35 as the 52 week high point — that compares with a last trade of $29.91.

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